136 Portland Street, Pear Tree, Derby, DE23 8QB

Description

To be offered on Tuesday 24 November. Residential Development Opportunity comprising four blocks of Studio and One-bedroom flats and a two bedroom bungalow. Site area of approximately 0.64 acres. Development potential (subject to the requisite consents). Vacant.

Accommodation

As per the tenancy schedule. The property comprises four blocks of studio and one-bedroom flats and a two-bedroom bungalow.

Location

The property is situated in the residential area of Pear Tree, Derby, with a good selection of local shops, supermarkets, cafés and restaurants nearby. Nearby green spaces include Normanton Park and Derby Arboretum, while Derby city centre offers an extensive range of shopping, leisure and entertainment facilities. The property benefits from nearby bus services and is less than half a mile from Peartree railway station, providing connections to Derby and the wider region. Transport National Rail - Peartree (EMR).

Tenure / Property Information

Investment Analysis

The £850,000 guide cannot be independently supported from the supplied evidence. The sales comparables are individual terraced houses on Portland Street (£83,000–£130,000) and are not sufficiently comparable to a 0.64-acre site comprising four blocks of flats and a two-bedroom bungalow. No unit-by-unit accommodation schedule, planning information, completed multi-unit comparables, rental evidence or auctioneer rent estimate is supplied. Accordingly, GDV, refurbishment cost, rent and maximum bid cannot be reliably estimated.

Investment Snapshot

Strategy Recommendation

Do not proceed on the supplied evidence alone. Obtain and verify the full tenancy/accommodation schedule, planning and consent position, title and site information, inspection findings, unit-level valuations, rental evidence and all auction costs before bidding.

Works Required

No specific physical defects or required works are evidenced. Any works, alterations or redevelopment would require confirmation from the tenancy schedule, inspection and the requisite consents referred to in the description.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR analysis cannot be completed without verified unit numbers and sizes, planning status, refurbishment costs, achievable rents and an evidence-supported GDV. Refinance proceeds and cash left in are therefore unsupported.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparables, passing rent, auctioneer rent estimate, unit schedule, operating costs or refurbishment allowance is supplied. The property is stated to be vacant.

Flip Analysis

A flip analysis cannot be completed. The available comparables are individual terraced-house sales and do not establish the resale value of the flats, bungalow or development site. No selling allowance or project-cost evidence is supplied.

Investor Risks & Due Diligence

• Development potential is expressly subject to the requisite consents.

• The property is vacant and no passing income is evidenced.

• The supplied sales comparables are individual terraced houses and may not reflect the value of this multi-unit site.

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• No buyer premium, administration charge or other auction fees are provided.

• No EPC, council tax, parking, heating or detailed tenancy/accommodation schedule information is supplied.

Recommendation

Do not proceed on the supplied evidence alone. Obtain and verify the full tenancy/accommodation schedule, planning and consent position, title and site information, inspection findings, unit-level valuations, rental evidence and all auction costs before bidding.

Strategy Rating

Analysis Confidence

The guide price and broad site description are supplied, but key valuation inputs are absent, including detailed accommodation, planning status, condition, rents, fees, costs and comparable multi-unit evidence.